RANGE RESOURCES CORP | 2013 | FY | 3


(4)

DISCONTINUED OPERATIONS

The following table represents the components of our Barnett Shale operations as discontinued operations for the year ended December 31, 2011 (in thousands).

 

Year Ended
December 31,

2011

 

Revenues and other income:

 

 

 

Natural gas, NGLs and oil sales

$

59,185

 

Gain on the sale of assets

 

4,771

 

Other

 

10

 

Total revenues and other income

 

63,966

 

Costs and expenses:

 

 

 

Direct operating

 

10,080

 

Transportation, gathering and compression

 

5,257

 

Production and ad valorem taxes

 

1,309

 

Exploration

 

37

 

Interest expense (a)

 

14,791

 

Depletion, depreciation and amortization

 

8,894

 

Total costs and expenses

 

40,368

 

Income before income taxes

 

23,598

 

Income tax expense

 

 

 

Current

 

¾

 

Deferred

 

8,278

 

 

 

8,278

 

Net income from discontinued operations

$

15,320

 

 

 

 

 

(a)

Interest expense is allocated to discontinued operations based on the ratio of net assets of discontinued operations to our consolidated net assets plus long-term debt.


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